The Way Home Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Manchester, NH
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 22-3004892
Organization Overview
The Way Home Inc is located in Manchester, NH. The organization was established in 1994. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Way Home Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Home Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Way Home Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO PREVENT HOMELESSNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SECURITY DEPOSIT LOANS TO LOW INCOME HOUSEHOLD, PROVIDE BUDGET COUNSELING, TENANT ADVOCACY SERVICES, PREVENT HOMELESSNESS, AND RESOURCE MANAGEMENT TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bianka Beaudoin Executive Di | Officer | 40 | $78,661 |
Mary Sliney Past Executi | Officer | 40 | $63,710 |
Sara Beaudry Vice Preside | OfficerTrustee | 2 | $0 |
Rick Blais President | OfficerTrustee | 2 | $0 |
Melissa Magoon Treasurer | OfficerTrustee | 2 | $0 |
Elin Treanor Agent | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,039,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,381,677 |
| Total Program Service Revenue | $301,581 |
| Investment income | $275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,865 |
| Net Income from Fundraising Events | $1,594 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,929,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,371 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,648 |
| Payroll taxes | $43,582 |
| Fees for services: Management | $107,448 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $14,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,550 |
| Advertising and promotion | $0 |
| Office expenses | $33,463 |
| Information technology | $23,583 |
| Royalties | $0 |
| Occupancy | $38,437 |
| Travel | $604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208 |
| Interest | $1,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,615 |
| Insurance | $13,048 |
| All other expenses | $24,756 |
| Total functional expenses | $1,641,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $245,271 |
| Accounts receivable, net | $262,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,719 |
| Net Land, buildings, and equipment | $1,010,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,894,239 |
| Accounts payable and accrued expenses | $20,855 |
| Grants payable | $0 |
| Deferred revenue | $26,307 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,096,213 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $344,644 |
| Total liabilities | $1,488,019 |
| Net assets without donor restrictions | $406,220 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,894,239 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Way Home Inc has recieved totaling $31,795.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For enhanced housing services for low income senior women | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $7,500 |
Darald And Julie Libby Foundation Naples, FL PURPOSE: CHARITABLE | $5,000 |
Archibald Foundation Inc Tallahassee, FL PURPOSE: GENERAL OPERATIONS | $4,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Energy Consumers Alliance Inc Jamaica Plain, MA | $5,258,503 | $8,625,489 |
Bclf Ventures Inc Boston, MA | $107,589,450 | $9,107,552 |
Housing Corporation Of Arlington Arlington, MA | $44,078,576 | $2,009,359 |
The Way Home Inc Manchester, NH | $1,894,239 | $1,929,992 |
Mission Hill Neighborhood Housing Boston, MA | $28,227,166 | $450,591 |
Neighbor Helping Neighbor Fund Inc Manchester, NH | $794,136 | $471,787 |
Maine Housing Inc Augusta, ME | $0 | $0 |